Qatar: Silk Yarn Market 2023

Silk Yarn Market Size in Qatar

The Qatari silk yarn market was estimated at $X in 2021, with an increase of 5.3% against the previous year. Over the period under review, consumption, however, saw a precipitous descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Silk Yarn Production in Qatar

In value terms, silk yarn production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from Qatar

In 2021, silk yarn exports from Qatar totaled less than X kg, therefore, remained relatively stable against the previous year. In general, exports saw a relatively flat trend pattern.

In value terms, silk yarn exports stood at less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Silk Yarn Imports

Imports into Qatar

In 2021, overseas purchases of silk yarn and yarn spun from silk waste increased by 8.4% to X kg, rising for the fifth year in a row after two years of decline. Over the period under review, imports, however, saw a precipitous contraction. The pace of growth was the most pronounced in 2014 when imports increased by 414%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silk yarn imports shrank dramatically to $X in 2021. In general, imports, however, faced a dramatic downturn. The growth pace was the most rapid in 2014 with an increase of 714% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) was the main supplier of silk yarn to Qatar, accounting for a 94% share of total imports. It was followed by Pakistan (X kg), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at -33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (0.0% per year) and Syrian Arab Republic (0.0% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Qatar, comprising 41% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (0.0% per year) and Pakistan (0.0% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, waning by -88.7% against the previous year. Over the period under review, the import price, however, continues to indicate a measured increase. The pace of growth was the most pronounced in 2013 an increase of 353%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Syrian Arab Republic ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%).

Source: IndexBox Market Intelligence Platform

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